Electrics Ireland's price freeze is over and prices are going up
The price rise will come into effect for Electric Ireland customers on 1 April 2019.
Electric Ireland customers will be disappointed to hear that their prices will be going up from 1 April 2019.
After announcing a price freeze in November of last year, Electric Ireland have followed in the footsteps of six other suppliers by raising its prices. The hike will push up gas prices by 4% and electricity prices by 4% - adding a further €38.40 to customers’ gas bills and €29.88 to their electricity bills a year.
This isn’t the first time in the last 12 months that Electric Ireland have raised prices as they also upped their costs in summer last year. The combination of Electric Ireland’s two increases, means that its average annual gas and electricity bill will have gone up by €93 and €86 respectively in under a year.
I’m an Electric Ireland customer - what can I do to keep costs down?
As a result of this announcement it’s understandable customers will now be looking at ways they can keep costs down when the increase comes into effect in just under a month. The best way to do this is to switch your energy supplier.
If you haven’t switched in the past 12 months then you are more than likely paying over the odds to heat your home. There are some great deals currently on the market which could save you up to €358!
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“It’s time for people to vote with their feet as there’s no need to be paying over the odds for your energy”
Eoin Clarke, Managing Director of Switcher.ie said of the announcement: “The period of reassurance for Electric Ireland customers is now over - with this price rise being the latest blow for energy customers in Ireland. Less than 12 months ago we saw Electric Ireland hike prices, and when combined with this latest increase, it means customers will have seen their dual fuel bills go up by a total of €179 come April which will undoubtedly put a strain on household budgets.
“Electric Ireland is now the seventh energy supplier to push up prices this winter - meaning the majority of households in the country will have been hit by increases in recent months. We urge consumers to not just sit back and accept these price hikes as they come - it’s time for people to vote with their feet as there’s no need to be paying over the odds for your energy.”